WERNER ENTERPRISES INC (WERN) Stock Technical Analysis
NASDAQ:WERN • US9507551086
Taking everything into account, WERN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WERN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- WERN is part of the Ground Transportation industry. There are 42 other stocks in this industry. WERN outperforms 73% of them.
- WERN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WERN is lagging the market slightly.
- WERN has an average volume of 1185560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that WERN is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month WERN has a been trading in the 31.07 - 38.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WERN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 33.45, a Stop Loss order could be placed below this zone.
More info and screens
31.91
We found 1 important support area.
- A support zone ranging from 32.23 to 33.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @35.44 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WERN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WERN is up. |
| ChartMill Relative Strength | 80.75 | POSITIVE | WERN has a high relative strength, it outperformed 80.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WERN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WERN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WERN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.87 | NEUTRAL | The RSI value for WERN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests WERN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.96 | NEUTRAL | The Stochastics value for WERN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.81 | MEDIUM VOLATILITY | The ATR as a percentage value for WERN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for WERN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.45 | 32.22 | 3.23 (9.11%) | 10.98% |
| An entry @35.45. This is a Buy Stop order right above the resistance zone. | An exit @32.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.23 points, which is 9.11%. | For a 1.00% total portfolio risk, you can invest 10.98% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.43
+0.75 (+2.16%)
WERNER ENTERPRISES INC / WERN FAQ
What is the technical rating for WERN stock?
ChartMill assigns a technical rating of 9 / 10 to WERN.
What is the trend direction for WERN stock?
The current trend direction for WERNER ENTERPRISES INC (WERN) is Bullish.
What is the RSI signal for WERNER ENTERPRISES INC (WERN) stock?
WERNER ENTERPRISES INC (WERN) has an RSI value of 56.8682. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WERNER ENTERPRISES INC?
The MACD indicator for WERNER ENTERPRISES INC (WERN) has a value of -0.231748, indicating a bearish trend.
Can you provide the support and resistance levels for WERNER ENTERPRISES INC?
WERNER ENTERPRISES INC (WERN) has a support level at 33.45 and a resistance level at 35.44. Check the full technical report for our detailed analysis of WERN support and resistance levels.